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FY 2023 Adopted NYC Budget and Housing Blueprint

Categories: New York City

FY 2023 Adopted NYC Budget and Housing Blueprint image

06.15.2022

On Monday, June 13th, the City Council voted to adopt the FY 2023 Budget, which will take effect on July 1st. The expense budget is $101.1 billion, which is a $1.4 billion increase over April’s executive budget proposal, and a $2.4 billion increase over the adopted FY 2022 budget.

On Tuesday, June 14th, the Adam’s Administration released its housing plan: Housing Our Neighbors: A Blueprint for Housing and Homelessness.

The Network has done a preliminary review of both the budget and the housing blueprint and will be following up as more details emerge.

ADOPTED BUDGET

Human Services Wages

The budget agreement includes $60 million for legal and human services workers. While we fought hard for $86 million to fund a 5.4% COLA, which would have matched the State’s investment in human services workers, the City is taking an important step toward addressing stagnant low wages in the sector. We will follow up with more detail on how the $60 million will be allocated when the City provides that information.

Housing Capital

On the capital side, the adopted budget appears to largely mirror the executive budget, committing $2.1 billion for the Department of Housing Preservation and Development (HPD), a 22% increase over February’s Preliminary Budget for FY 2023, and a 38% increase over the planned commitment for the current fiscal year, FY 2022.

Increases from the Executive Budget

The budget items below were added in the Executive Budget in April, and appear to have been maintained in the final budget agreement:

DSS/DHS

$3.5 million was added for the Department of Social Services (DSS) in FY 2022 and $5.8 million in FY 2023 for resources to expedite supportive housing placements.

$174.6 million in FY 2023 was also added for street outreach, drop-in centers, and new stabilization beds and safe havens.

HASA

$33.8 million was added in FY 2023, including $24 million in City funding, for HASA emergency housing and SROs.

HOUSING BLUEPRINT

Housing Our Neighbors departs from previous housing plans by focusing on impacted people, systems, and processes over a set unit target. Below are some notable components of the blueprint related to supportive housing:

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